The counter broke up from resistance 3.18 last week. Volume looks significant over past 2 months. Shall rising momentum continue, next resistance shall be around 3.4. Recent oil price has been in rally mood, supported by depleted oil inventory in US and production cut among OPEC. The counter is going to release latest earning result on 3 May.
Friday, April 20, 2018
Friday, April 13, 2018
Chart[82] - Wheelock
The counter broke up resistance 1.83 with significant volume on last trading day. Shall buying interest continue, next resistance is 1.91. Entitlement of dividend will expire on early 3rd May.
Thursday, March 29, 2018
Chart[81] - CSE Global
The counter successfully formed triple top breakout at 0.39 on mid March. Price fell back to support ~ 0.39 last week. The retreat was done with low volume, so it might present entry chance for next rally. 0.45 could be next target price.
Friday, March 16, 2018
Chart[80] - Mermaid Maritime
Buying interest could have be positioning on the counter for past two weeks. Price has been edging upwards as circled on first chart. On second chart, 0.165 serves as first resistance to clear, while 0.197 will be long term target. Shall price break down from 0.141, trend could look downwards instead.
Friday, March 9, 2018
Chart[79] - Raffles Medical
The counter has been edging upwards as highlighted on daily chart below. Price was hovering around 1.17 over past two weeks.
Looking into weekly chart below, 1.16 serve as resistance since last year August. Shall it be broken with convincing volume, next target could be ~1.2 follow by ~1.28. Current consolidation phase could come to end soon.
Looking into weekly chart below, 1.16 serve as resistance since last year August. Shall it be broken with convincing volume, next target could be ~1.2 follow by ~1.28. Current consolidation phase could come to end soon.
Friday, March 2, 2018
Chart[78] - CSE Global
The counter saw strong buying volume since it released latest earning results. From last year November, it has been trying to hit 0.39 twice. Recent surge just shy away from the resistance about 0.05. Next spike of buying volume could push it to break 0.39, which would form triple top breakout.
Zooming out to weekly chart as below, price could face next resistance ~ 0.4, followed by 0.445. Price has been consolidating from 0.33 to 0.39 for past 6 months. As long as price doesn't back down to 0.33 again, an upwards breakout looks possible.
Zooming out to weekly chart as below, price could face next resistance ~ 0.4, followed by 0.445. Price has been consolidating from 0.33 to 0.39 for past 6 months. As long as price doesn't back down to 0.33 again, an upwards breakout looks possible.
Friday, January 26, 2018
Chart[77] - Jumbo
The counter broke up from resistance 0.63 with strong volume on few consecutive days last week. Shall buyer interest maintain, price could test next resistance ~ 0.67 soon.
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